A Regulatory Pricing Innovation in the Electric Power Industry

摘要：

In this paper,we provide a new pricing model which improves the regulatory incentive ness in the electric power industry. The model first invents a new concept of compensation cost which denotes the sum of the average cost of production and the subsidy compensated to the power enterprises for their hard working in decreasing the cost. Then,based on the average-cost-markup thought,we demonstrate that the maximum objective of social welfare the regulators pursuit equals the minimum objective of compensation cost. With the power enterprises participation constraint and incentive compatibility constraint,we finally put forward the optimal scheme of the subsidy which stimulates the enterprises reducing the cost efficiently.

关键词： innovation regulatory pricing power industry compensation cost stimulate

作者: Qunli Wu Qiaozhi Zhao

作者单位: Department of Business Management,North China Electric Power University,BaoDing,071003,China

会议类型: 国际会议

会议名称: The First International Conference on Management Innovation(ICMI 2007)(管理创新会议)

会议地点: 上海

会议语种:英文

页码: 1058-1062

在线出版日期: 2007-06-04（万方平台首次上网日期，不代表论文的发表时间）